1861 N Spring

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Description

Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite...Investment Opportunity! Turnkey 4-plex generating strong rental income in a highly desirable Mesa location. This fully occupied multifamily property features four 2-bedroom, 1-bath units, each approximately 867 square feet. Current rents provide immediate cash flow with additional upside potential through future rent growth and value-add improvements. Two units have been updated, while the remaining units offer opportunities to increase returns. Property features individually metered units, granite countertops in select units, and a newer A/C unit. Conveniently located near shopping, dining, schools, and major freeways, this asset is ideal for investors seeking stable income and long-term appreciation. Add this cash-flowing property to your portfolio today!
  1. Listed by Silvia Del Toro Ochoa • Brokerage DRE #LC562698023 • My Home Group Real Estate
    P: (623)-760-3742 C: (623)-760-3742 silviadeltoro.me@gmail.com

Property Details for 1861 N Spring

Subdivision Name
NORTH MESA VILLAGE
View YN
No
Zoning
Multi
LISTING UPDATED: 06/23/2026 02:43 PM

Property Details for 1861 N Spring

StatusActive
MLS #7045584
Days on Market4
Taxes$1,483 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMultiple Dwellings
Year Built1984
Lot Size0.16 AC / 6,970 SF
CountyMaricopa County

Location

Listing Courtesy of My Home Group Real Estate
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Building Information for 1861 N Spring

Stories-Residences4Year Built1984Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$3,861 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,737

Property Taxes

$124

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1861 N Spring

Summary
Location and General Information
  • Unparsed Address: 1861 N SPRING, Mesa, AZ 85203
  • City: Mesa
  • Coordinates: -111.821547, 33.449401
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Mckellips and Mesa Dr. south to Julep east to Spr
  • Latitude: 33.449401
  • Longitude: -111.821547
  • Postal City: Mesa
  • Postal Code: 85203
  • Postal Code Plus4: 9605
  • State Or Province: AZ
  • Street Suffix: --
  • Year Built: 1,984
Taxes and HOA
  • Tax Annual Amount: $1,483.00
  • Tax Book Number: 136.00
  • Tax Legal Description: LOT 21 NORTH MESA VILLAGE MCR 024250
  • Tax Lot: 21
  • Tax Year: 2,025
Parking
  • Covered Spaces: 0
  • Garage YN: No
  • Open Parking Spaces: 4
  • Open Parking YN: Yes
  • Parking Features: 1 Space/Unit
  • Parking Total: 4
School Information
  • Elementary School District: Mesa Unified District
  • High School District: Mesa Unified District
Property
Lot Information
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Dimensions: 6970
Property and Assessments
  • Disclosures: None
  • Documents Change Timestamp: 06-23-2026 09:30:41 PM
  • Documents Count: 0
  • Ownership: Fee Simple
  • Parcel Number: 13624125
  • Property Type: Multiple Dwellings
  • Public Survey Range: 5E
  • Public Survey Section: 11
  • Public Survey Township: 1N
  • Road Surface Type: Asphalt
Utilities
  • Electric: SRP
  • Electric On Property YN: Yes
  • Sewer: Public Sewer
  • Water Sewer Expense: $4,831.00
  • Water Source: City Franchise
Interior and Exterior Features
Exterior Features
  • Community Features: No Pool
  • Construction Materials: Wood Frame, Painted
  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Roof: Composition
Interior Features
  • Bathrooms Total Integer: 0
  • Cooling: Electric
  • Cooling YN: Yes
  • Flooring: Wood
  • Heating: Electric
  • Heating YN: Yes
Multi Family
Income & Expenses
  • Gross Income: $70,620.00
  • Gross Scheduled Income: $70,620.00
  • Net Operating Income: $55,977.00
  • Operating Expense: $8,138.00

Property History for 1861 N Spring

DateEvent & SourcePriceAppreciation
Jun 23, 2026

Listed (Active)

ARMLS #7045584

$749,999—
Feb 3, 2026

Temporarily Off Market

ARMLS #6902100

—
Aug 7, 2025

Listed (Active)

ARMLS #6902100

$775,000—
DateEvent & SourcePrice
06/23/2026

Listed (Active)

ARMLS #7045584

$749,999
02/03/2026

Temporarily Off Market

ARMLS #6902100

—
08/07/2025

Listed (Active)

ARMLS #6902100

$775,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1861 N Spring

Taxable ValueLand-Additions-Total-
Tax Record2025$1,487 ($124 / month)
Home Facts
Total Finished SqFt3,468 SqFtAbove Grade Finished SqFt3,468 SqFtStories2Lot Size6,970 SqFtStyleQuadraplexYear Built1984ZoningRM-4CountyMARICOPAAPN136-24-125

Schools near 1861 N Spring

This home is within Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 6
Rating
School
Distance
Franklin Elementary School
PublicPK to 6

Franklin at Brimhall Elementary School
PublicPK to 6

Lehi Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1861 N Spring is a multi-family home for sale in Mesa, AZ 85203. This property was listed for sale on June 23, 2026 by My Home Group Real Estate, it's currently listed at $749,999. It has been on the market for a total of 4 days and was last sold on May 18, 2022. This listing's school district is Mesa Unified School District. Nearby schools include Franklin Accelerated Academy- Downtown Campus, Franklin Elementary School and Franklin at Brimhall Elementary School. 1861 N Spring is a 0-bed, 0-bath, multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of My Home Group Real Estate

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.